First Northern Community Bancorp (NASDAQ:FNRN) Issues Earnings Results

First Northern Community Bancorp (NASDAQ:FNRN) issued its quarterly earnings data on Thursday. The company reported $0.38 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $21.00 million for the quarter. First Northern Community Bancorp had a return on equity of 10.68% and a net margin of 24.97%.

First Northern Community Bancorp Price Performance

FNRN traded up $0.13 during trading on Friday, reaching $17.11. 67,535 shares of the company’s stock were exchanged, compared to its average volume of 61,157. The firm has a fifty day moving average of $17.08. The firm has a market cap of $280.52 million and a price-to-earnings ratio of 12.63. First Northern Community Bancorp has a fifty-two week low of $12.76 and a fifty-two week high of $19.25.

Analysts Set New Price Targets

FNRN has been the topic of several recent research reports. Weiss Ratings lowered First Northern Community Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Wall Street Zen raised shares of First Northern Community Bancorp from a “sell” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Insider Buying and Selling at First Northern Community Bancorp

In other news, Director Mark C. Schulze sold 5,250 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $17.06, for a total value of $89,565.00. Following the completion of the sale, the director directly owned 731,039 shares of the company’s stock, valued at $12,471,525.34. This represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard M. Martinez sold 2,000 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $17.51, for a total transaction of $35,020.00. Following the transaction, the director directly owned 72,252 shares in the company, valued at approximately $1,265,132.52. This represents a 2.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 12,000 shares of company stock worth $210,728 in the last ninety days. 11.92% of the stock is currently owned by company insiders.

First Northern Community Bancorp Company Profile

First Northern Community Bancorp is the bank holding company for First Northern Bank, a community banking institution headquartered in Dixon, California. Through its banking subsidiary, the company serves individuals, families, businesses and agricultural customers in Northern California.

First Northern Bank provides a range of traditional banking products and services, including checking and savings accounts, certificates of deposit, consumer loans, residential and commercial real estate financing, business loans and agricultural lending.